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Irene García Pérez

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THE 737 GROUNDING is costing Norwegian as much as $1.8 million a day, according to Ole Martin Westgaard at Oslo-based DNB bank. / BLOOMBERG NEWS FILE PHOTO/SIMON DAWSON

Boeing 737 crisis imperils Norwegian’s cut-price U.S. routes

NEW YORK - Norwegian Air Shuttle ASA’s reliance on the fuel-saving Boeing Co. 737 Max to underpin its ultra low-cost trans-Atlantic strategy has exposed...
NORWEGIAN AIR Shuttle is raising $353 million in a rights issue underwritten by investors including shipping magnate John Fredriksen. / BLOOMBERG NEWS FILE PHOTO/SIMON DAWSON

Norwegian Air gets lifeline with backing of Norway’s richest man

NEW YORK - Norwegian Air Shuttle ASA gained the backing of Norway’s richest man, providing some stability to the struggling discount carrier as it searches...
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